The initial data for the US third quarter has been released, with labor productivity increasing significantly by 4.9% quarter-on-quarter, far exceeding market expectations of 3.0%. Meanwhile, labor costs decreased by 1.9% quarter-on-quarter, also breaking the forecast of a 1.0% increase. This set of data sends a signal: the US economy's growth momentum is strong, while cost pressures are easing. For the cryptocurrency market, productivity improvements usually indicate a positive economic outlook, but declining costs may suggest a release of inflation pressures. This positive macroeconomic change often influences the Federal Reserve's policy expectations, which in turn affects global asset allocation, including digital asset investment sentiment. Investors should closely monitor upcoming inflation data and policy developments.